Mizuho Maintains Outperform on Alphabet, $460 Price Target

Analyst: Lloyd Walmsley 1 min read Reproduced verbatim
Rating
Outperform
Unchanged
Target
$460
Unchanged
Upside
+42%
GOOGL at $325 today
Mizuho and Alphabet (Google) logos

What the analyst said

Mizuho analyst Lloyd Walmsley reiterated an Outperform rating and $460 price target on Alphabet (NASDAQ: GOOGL).

“We are buyers on the after-hours pullback in GOOGL shares, as we continue to see more aggregate EPS impact from upside to Cloud segment from TPUs than downside from lower search revenue.”

“We do not believe significant TPU revenue or margin is in consensus or the stock.”

“We suspect this will be the last cut in search estimates and see significant upside to Street Cloud segment EBIT.”

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This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

GOOGL trades at $325. The 26 analysts who set a target in the last 3 months range from $300 to $485, with a median of $408. This $460 target is 13% above the median.

12-month window: day 0 of 365, closes on October 29, 2027.

Track record

This callOpen: GOOGL has not reached $460 yet. This 12-month target is scored on October 21, 2027. Same target as this firm’s October 21, 2026 note, so it is scored there.

Firm track recordMizuho: 93% of its 60 targets at least a year old were reached within 12 months (#3 of 21 firms). Accuracy ranking →

Mizuho on Alphabet (Google)

Mizuho price targets on Alphabet (Google)

7 calls from January 9, 2026 to October 29, 2026. The target went from $365 to $460 (+26%). The rating stayed Buy.

Mizuho targetGOOGL share price
  1. October 29, 2026 This noteKept the $460 targetBuy$460
  2. October 21, 2026Kept the $460 targetBuy$460
  3. May 6, 2026Target raised from $420 (+10%)Buy$460
  4. April 10, 2026Target raised from $410 (+2%)Buy$420
  5. February 5, 2026Target raised from $400 (+2%)Buy$410
  6. February 3, 2026Target raised from $365 (+10%)Buy$400
  7. January 9, 2026Earliest call shownBuy$365
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.